21 September 2017 14:51
The Commonwealth Bank has sold its beleaguered life insurance business CommInsure to AIA and announced a series of other sweeping changes, including a strategic review of Colonial First State Global Asset Management (CFSGAM).
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CBA, CFSGAM, comminsure, AIA Australia, Life insurance
Sarah Court, the new chair of ASIC, has “some sympathy” for the view that too much red tape is stymying business and productivity growth, but says that won’t stop the corporate regulator from acting swiftly to deal with misconduct and member services failures.
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